CEF Advisors AICA Event NAVigator Podcast

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Saratoga Investment Corp. (SAR)

BDC - Debt Focused BDC

Data as of Dec. 9, 2024
Current
Market Price $24.07 (+ $0.05)
NAV (Aug. 31, 2024) $27.07 ( $0.00)
Fund Listed NYSE
Premium / Discount -11.08% (+0.18%)
Fund Info
Inception March 23, 2007
Sponsor Saratoga Investment Advisors
Website www.saratogainvestment...
Phone 212-906-7800
Location New York
Incorporated Maryland
Staggered Board No
Term Date N/A
Objective: Attractive risk-adjusted returns by generating current income from its debt investments and capital appreciation from its equity investments in middle market companies.
Related Indexes
Debt-Focused Business Development Company (BDC) Index
High Income Index
Capital & Leverage
Outstanding Shares 13,800,768
Total Assets (Reported: Aug. 31, 2024) $1,214M
Estimated Total Assets $1,158M
Net Assets $374M
Market Cap $332M
Portfolio Turnover 7.68%
Debt-to-Equity 1.6503
Total Leverage 67.73%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 26.73%
Non Lev Exp Ratio 12.59%
Gross Asset Expense Ratio 8.17%
Gross Asset Non Lev Exp Ratio 3.85%
Rel Lev Cost 6.38%
Discount Data
Average Discount (3 Yr) -11.30%
Discount Low(3 Yr) -27.98%
Discount High(3 Yr) 1.17%
Discount Rel Range (3 Yr) 57.98%
Comp Discount -8.50
Discount St Dev (1Yr) 3.44
Z-Stat
Z-Stat (6mo) 0.43
Z-Stat (1Yr) 0.49
Z-Stat (3Yr) 0.04
Comp Z-Stat (6mo) 0.13
Comp Z-Stat (3Yr) -0.40
Distribution Data
Market Yield 12.30%
Income Yield 12.30%
Lev Adj NAV Yield 6.52%
Av Yield on Debt Investments 11.50
Distribution Frequency Q
Current Distribution $0.740
Current Income $0.740
Ex-Date 12/4/24
Payable Date 12/19/24
Div Growth (3yr) 42.31%
Dividend Change 1.4% on 5/23/24
Expected Div 2/18/25
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $2,173
Avg Volume 30 day 138,676
Avg Volume 90 day 90,267
Volume Trend 53.63%
Comp Volume Trend 40.03%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
10.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
18.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
47.0%
Most Correlated Peer (Mk Pr): TRIN 52.0%
Price St Dev (1Yr) 19.9%
NAV St Dev (1Yr) 1.7%
Earnings
Earnings / Share (8/31/24) $1.324
Adj Core NII Coverage 178.90%
1 Yr Avg NII Coverage 149.65%
1 Yr Avg Adj Core NII Coverage 146.90%
NII Trend 17.54%
Adj Core NII Trend 22.35%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.61
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.75
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.88
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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